Contact an agent at Tranio.com, and we will help find the perfect property for you, wherever it may be.
Unique residential complex developement with the world’s latest architecture and planning trends in mind. Residents will enjoy unbelievable see panoramas and the exceptional atmosphere of comfort and relaxation in the elegant gated community with exceptional in-door facilities like common pool, gym, tennis court, green area and underground parking. The complex blends ideally in the urban landscape of the sought after tourist area of Limassol thanks to the well-balanced mix of sophistication, comfort and modern design. Limassol’s best sandy beaches, shops, restaurants and other holiday pleasures are in a stone’s throw. The development will comprise 37 one two, three and four bedroom luxurious apartments, penthouses and duplexes with private pools on the roof. Each unit has 3.15 m height ceilings and top quality finishings to astound the most demanding buyer. Most of the apartments offer breathtaking views of the Mediterranean sea, Limassol city and its picturesque hilly suburbs. Prices start from 621,000 Euros + VAT. Start of Construction: March 2018 — Estimated Completion Date: June 2020
The Investor obtains residence permit or permanent residency in Cyprus by purchasing a newly-built property for at least €300,000. Our team at Tranio will help to make a deal remotely, collect a set of documents, and make an application.
If this property wasn’t for you, take a look at other penthouses for sale in Cyprus.
You can see more penthouses for sale in Germasogeia elsewhere on our website.
We select ads that may interest you.
Send us an enquiry with an approximate description of the property or investment project you’re interested in.
After clarifying your enquiry, we will introduce you to our partners and/or local agents.
We will help you to select suitable options. Tranio does not charge a commission for this — the property price remains the same as if you contacted our partner directly.
You then view the property or properties you have chosen. Our partners or agents from Tranio's European offices will meet you in situ.
Having chosen the best property, you will sign the sales or investment agreement (for development).
It depends on the country. For example, German banks willingly offer mortgages to foreigners at 1.5-2 % per annum with LTV up to 70%. Spain offers less favourable terms: the minimum rate for foreigners is 2.5% per annum. The situation is different in Greece: although the law does not prohibit banks from issuing loans, in practice, Greek banks don’t issue loans to local nor foreign property buyers. You can learn about the mortgage terms in your preferred country by contacting Tranio’s local agents.
The purchase procedure depends on the country where you buy property. Generally, after choosing a property you need to sign a preliminary agreement with the seller and carry out a due diligence of the property by checking the relevant documents and the property's technical condition. After that, all parties sign the sales agreement and the notary registers the transaction. As a rule, the purchase registration costs amount to approximately 10% of the property price.
In some countries it is possible. Residence-for-property purchase programmes are known as Golden Visas programmes. Greece, Spain and Latvia offer the most popular Golden Visas in Europe. The Greek residence permit is the cheapest and can be obtained by buying a property worth at least €250,000, while organising all of the documents costs about €19,000. Certain countries offer citizenship to property buyers — for example, an investor can get their hands on a Turkey passport by buying a property worth at least $400,000.
We share the commission, which the buyer or the seller (depending on the country) pays to our partners — foreign real estate agencies. The price of this service is the same as if you contacted the agency directly — this is an important condition and applies to all of our partnership agreements.
The transaction security is guaranteed by the notary who draws up the sales agreement and checks the information on the previous and current owners of the property, any outstanding restrictions, mortgage, and third-party encumbrances. Tranio is not responsible for the parties involved in the transaction.
